Case Shiller points to more declines in home pricing
Two sets of house price indexes indicate opposite trends, with the S&P/Case-Shiller Home Price data indicating values trending down slightly.
Worse yet, the data points to more price declines ahead.
“Our view is that foreclosures, excess supply, and weak demand will drive prices down another 5 to 10 percent,” according to the Case-Shiller report released Tuesday. “Should the economy slip into a recession, a 40 percent probability in our view, the unemployment rate will climb,
Worse yet, the data points to more price declines ahead.
“Our view is that foreclosures, excess supply, and weak demand will drive prices down another 5 to 10 percent,” according to the Case-Shiller report released Tuesday. “Should the economy slip into a recession, a 40 percent probability in our view, the unemployment rate will climb,
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